Find Real Estate Agents and Homes for Sale

Real Estate News --> California News

Is California’s hot housing market starting to bubble?

For the first time this year a decline in quarter-over-quarter home price growth has been detected in the West, according to a new report from residential and commercial real estate asset valuation ... of wildfires across California, the report says.

Archived Story

Central Valley Business Times window._tpm = window._tpm || []; window._tpm['paywallID'] = '25123529'; window._tpm['trackPageview'] = true; (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); = id; js.src = "//"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); Subscribe My Account Contact Us Search Home Current Premium Archives About CVBT Policies Advertising Webcasts Opinions Lighter Side Jobs! Headlines by Email Letters from Laskin Is California?s hot housing market starting to bubble? RENO, NEVADA December 19, 2017 9:03pm .utilities { border:0; margin:0 0 0 6px; } !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);;js.src="//";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); •  Adverse winds are detected •  The impact of the wildfire season is assessed For the first time this year a decline in quarter-over-quarter home price growth has been detected in the West, according to a new report from residential and commercial real estate asset valuation and collateral risk assessment company Clear Capital of Reno, Nevada The West decreased slightly in November from October at 1.3 percent to 1.2 percent, which may be attributed to the recent barrage of wildfires across California, the report says Even as Northern California continues to recover from fires that raged across Sonoma and Napa counties in October, new wildfires are burning in Southern California's Ventura CountyAs of December 19, two people have been killed, at least 1,024 structures have been destroyed, with 250 structures damaged and more than 271,000 acres of land burned to a crisp The numbers are expected to increase "Destructive wildfires are consuming homes and buildings in Southern California, which is impacting an already tight housing marketDisplaced homeowners may be forced to compete for temporary dwellings during rebuilds in tandem with a shrinking and expensive rental inventory to choose from," says Clear Capital CEO Duane Andrews Despite the recent devastation in the northern part of the state, many of the burned down homes are going up for sale, but now as empty lotsThe lots are being listed at approximately a third of what they would have sold for if a home were still standing on the parcel Where some homebuyers may see these listings as a deal, for others the lots may have less appeal based on expenses and time needed to make the property habitable, or rebuild altogether, the Clear Capital report says Conversely, investors and developers may see opportunityFor instance, many of the lots are already connected to utilities and have been permitted for development, which could work to turn a profitThe effects of these investors though will not be felt until a couple of years later as home construction lags behind demand "The lack of homes available before the crisis may cause overall housing prices to increase, simply because undamaged homes are in high-demand, but in limited supply," says MrAndrews Despite a small dip in quarter-over-quarter home price appreciation for the West, several metros within the region continue to accelerate in growthIn fact, eight of the top 15 fastest growing metros belong are part of the Western region, including two of the largest markets in the Central Valley -- Bakersfield and Fresno Here is Clear Capital?s list: San Jose at 2.6 percent Las Vegas, Nevada at 2.1 percent Seattle, Washington at 1.85 percent Riverside at 1.6 percent Tucson, Arizona at 1.35 percent Bakersfield at 1.31 percent Fresno at 1.30 percent San Francisco at 1.30 percent .utilities { border:0; margin:0 0 0 6px; } !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);;js.src="//";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); if (WIDGETBOX) WIDGETBOX.renderWidget('dad81f76-218b-4933-bd1f-5caf1cdbbe12'); JOBS Madera Weather Forecast, CA (93639) td {line-height:115%;} input {width:30px;} var wx_locID = '93639'; var wx_targetDiv = 'wx_module_3811'; /* do not change the configuration value [wx_config] manually */ var wx_config='SZ=300x250*WX=FHW*LNK=SSNL*UNT=F*BGI=fall*MAP=null|null**TIER=0*PID=1079837370*MD5=9318d9ad4859e2cf4c7ee369e56fec7b'; document.write(''); How to compete against Wal-Mart Stockton mom turns a need into a business The entrepreneur is in Writing her own success story Growing a small business the family way The future pencils positive for this company Niche marketing -- Italian style Sipping success with niche marketing Roasting a business out of his passion Success as an independent consultant takes more than expertise Avoiding the traps of employee law violations Cracking the voice-over market The American Dream realized, one package at a time Female winemaker plunges into business A new take on nurse education Family sees moving business success STEM thrives in pockets of education innovation STEM goes solar in Stockton Quick! There?s a robot in my pool Retiring seniors can mean new business Predawn biotech class trains next generation of science workers Staying ahead of the competition the old fashioned way Central Valley sees mismatch between high-tech jobs and job seekers STEM starts young Get ready ? the future is here now STEM Education: Growing the Valley's Future They?re low power in wattage only, not ideas Thinking success spawns Successful Thinkers Small business success can mean finding the right niche This franchise has real muscle behind it Getting the scoop on small business success Reshoring could rebuild America's manufacturing Marketing that?s deliberately anchored to the past Guitar artist plays his way to success Paralysis no handicap for this entrepreneur Boost sales with better communication Making sandwiches sexy with a franchise Going solar without spending a lot of money They?re cute and cuddlyBut are they a business? Opportunity sails forth in the Delta How bad etiquette on the job could kill your career Growing their way out of hunger and poverty Finding small business success from floor to ceiling Why he?s public enemy #1 ? for gophers Running a home-based business successfully Your boss needs a vacation ? really Couple makes transition from big corporations to small business Carving a small business niche with a better idea Calm is the goal of computer service and education franchisor Developer squeezing new life into downtown with juice franchise Signs of a recovering economy How to keep a family business in the family Ford dealership expands despite the Great Recession Utility Telephone connects with customer service Crowdfunding basics The roar from crowdfunding is getting louder California water wars? bulldog Water wars heat up in California Helping businesses grow with a stronger STEM How to retain your best employees Small business runs success up the pole Winery expands in Lodi Lodi wineries tapping into growing Chinese market Has the jobs picture brightened for the Valley for 2012? The right education will be needed for 21st Century jobs Where new jobs for San Joaquin will come from Developing jobs for San Joaquin ? Part 2 Developing jobs for San Joaquin Fruits of his labor Helping grow food security in the Valley of plenty Doing a business turnaround despite the recession Keeping customers loyal helps build her business Expo exposes businesses to utility contracting ideas Drink mix maker taps expertise to blend success Entrepreneur finds success in a basket Tips for catching resume fraud There?s no checking out for this small business owner Entrepreneurs take Valley sports play-by-play to the world Starting a winery from scratch Job hunting tips for the long-term unemployed In the Central Valley, opera isn?t always the Grand Ole Opry Branding ideas for small businesses The ump?s not blind, but the players are Finding success by tapping your brain in a new way - Part Two Finding success by tapping your brain in a new way Machines talking to machines is the future Getting involved in the fight against AIDS Franchised divorce says it?s a better way Small business owner is brewing a success story To beat the Great Recession, they?ve expanded Taking a swing at strokes Alert your taste buds ? here comes Taste of San Joaquin This franchise has real muscle behind it Passion for his city drives him Vicente Fox speaks out on U.S.-Mexico relations Give your support staff recognition and reap top performance Central Valley baker gets top honors for Royal Wedding pie Asparagus Festival ends on high note Stockton close to annual ?tipping? point Framing small business success Small business sees Affordable Care Act helping its bottom line What you eat ? and when ? helps local restaurants Coping with the aftermath of foreclosure How to raise charming children Central Valley grad school goes all-iPads Solution to Delta water wars voiced Making sure your personal bottom line is covered Small California winemaker is all family Small winery relies on family and innovation to compete Central Valley company says it has a better way to store solar power What?s wrong -- and right -- about local TV news What planning means to small business success Making the leap to small business Out of work at middle age? Experts offer advice Small business marketing, one article at a time Congress on your corner as it?s supposed to be Central Valley city?s heritage rediscovered Central Valley school is building students? foundations Job tips from the expert Long-term jobless worker re-invents himself Building a new power plant means jobs for Central Valley Sacramento reaches for the stars with new science center Lodi Chamber opens China?s doors to small business Writing books for fun ? and sometimes profit Black Friday shopping? How to protect yourself from scams California winemakers can find added rewards overseas Wine makers tap overseas markets from Lodi A new revenue stream for Central Valley small businesses Food bank seeks more business support Tips for finding a job in the Great Recession State may solve some of its prison woes with new Stockton facility A solution to underwater mortgages Should public libraries be managed by private firms? Central Valley moves ahead with critical water project Dee Dee Myers and the increasing impact of women on small business How women are growing their small businesses A market with a mission Retailer 'paints' solutions to cash flow challenge An answer for the unemployed ? return to school A ?golden? small business success story Central Valley winegrapes blessed Rubbing out the recession with a franchise Surviving the recession as a small business It?s personal, union says of Stockton fire cuts How old it too old to start a new business? They've found the recipe for small business success MBA students help revive Central Valley farmers market Classic wooden yachts anchor in Stockton for weekend Foreclosures, short sales ? a bank president comments The strength of family helps this small business compete Festival spears success in Central Valley Social media helps keep family business prospering Central Valley students get training in ?green? futures Knives readied as Valley cities slash services Central Valley jobless picture still grim Delta residents told to ready for water war Opportunities outlined for Central Valley small businesses Rewiring your brain for success Central Valley no longer ?shell shocked? by recession To fix California?s government, look to London Taking your sales pitch to the next level var localyokel_adsvr_adspace_vAppRoot=""; var localyokel_adsvr_adspace_id="13519"; var localyokel_size="300x250"; var localyokel_custom=""; .dmcontent_container {text-align: center;background-color: #336699;width: 300px;height: 275px;} .dmcontent_title {text-align: center; height: 20px; line-height: 20px; font-family: Arial, Sans-Serif; font-size: 12px; font-weight: bold;width: 300px;color: #FFFFFF;background-color: #336699;} .dmcontent_body {overflow-y: auto; text-align: left;font-family: Arial, Sans-Serif; line-height: 18px; font-size: 12px; margin-left: auto; margin-right: auto;width: 298px;height: 254px;color: #336699;background-color: #FFFFFF;} .dmcontent_link {text-decoration: none;color: #336699;} Local Guides  Adoption  Bankruptcy  Carpet  Contractor  Cosmetic Surgery  Counseling  Dentist  Divorce  Education  Electrician  Flooring  Flowers  Marketing  Mortgage  Photography  Plumber  Roofing  Staffing  Tires  Web Design Top Current Search Premium Policies Advertising Laskin Subscribe Account About CVBT Contact Home sr_widget_id = 2000000015872; sr_widget_width = 78; sr_widget_height = 42;

Trending California News:

  • Elizabeth Taylor, Judy Garland, and Cary Grant All Stayed at This $79 Million Home
  • Why Orange County paying its bills is a good thing for real estate
  • Two different solutions to California housing crisis – which will work?
  • San Ramon, CA Homes For Sale & Real Estate
  • Alexandria Real Estate joining S&P 500 Index
  • Leechiu, CBRE team up for real estate services
  • The DOR Team, REALTORS® of Prudential California Realty Join Berkshire Hathaway HomeServices Real Estate Brokerage ...
  • VLP Law Group adds Real Estate Partner David B. Franklin in San Francisco
  • Sector Snapshot: Luxury Real Estate Market with Insight from Joyce Rey, the 'Billionaire's Broker'
  • Feds crack down on foreclosure auction scams
  • Umpqua starts new real estate division
  • Paramount, CA Homes For Sale & Real Estate
  • One of LA’s first black real estate moguls arrived as a slave
  • Napa Valley, CA Real Estate: Newly Listed Homes for Sale
  • Los Angeles, California Leads the Nation for the Least Affordable Real Estate
  • Four Corners Property reports 2Q results
  • The Great Real Estate Agent Bust
  • Real people: Tennis, real estate come together at U.S. Open for agents
  • The Biggest Celeb Real Estate Deals of the Month: Mandy Moore Goes in on a Fixer Upper, Gwen Stefani Lists Her $35M Mansion and More!